CMC Markets Invest named ‘Broker of the Year’ by Canstar following $0 brokerage in Australia
CMC Markets Invest has secured Canstar’s national award for ‘Broker of the Year’ for the twelfth consecutive year.
The second largest retail share trading provider in Australia was recognized by Canstar following an assessment of more than 40 platforms across a number of Australian providers, rating each on both pricing and features to find the best overall value.
CMC Markets Invest also achieved a five star rating in each of the investor categories analysed by Canstar: casual investor, active investor and trader.
Andrew Rogers, Director of Stockbroking at CMC Markets, commented: “Canstar is known for its rigorous vetting process and ratings methodology, so these awards are a testament to the quality of our offering and our commitment to always refining and improving our offering for the benefit of the investor.
“Over the past two years, there’s been a significant number of new share trading providers enter the market, so to be recognised as Broker of the Year twelve years in a row cements our position as a trusted industry leader. The CMC Markets Invest platform and mobile apps continue to be extremely well received by clients with high overall ratings in the stores of 4.5/5 stars on the Appstore and 4.4/5 on Google Playstore. CMC Markets Invest is constantly adding to its offering to provide our clients with new trading opportunities alongside share trading in 16 markets, giving our clients the chance to develop a diverse portfolio.”
Joshua Sale, Ratings Manager at Canstar, said: “CMC Markets Invest was awarded Canstar’s Broker of the Year – Online Share Trading award, based on a value for money assessment of fees, brokerage and product features such as trading tools, company information and security.
“The CMC Markets Invest online trading platform provides Outstanding Value for investors of all levels, for experienced investors it offers advanced, dynamic pricing and charting capabilities, and for new entrants a comprehensive education platform and service and support systems. The strong showing in Canstar’s Casual, Active and Trader consumer profiles also saw CMC Markets Invest pick up Outstanding Value Awards, receiving a 5-Star rating in each profile.”
“We’re proud to be able to offer share traders $0 brokerage fees in addition to unique features such as an enhanced mobile experience and extended trading hours for US markets. Investors, especially those new to markets, need a trusted partner to trade with. For CMC Markets this means providing a truly transparent pricing structure with no hidden fees”, Andrew Rogers added.
CMC Markets Invest has recently launched $0 brokerage on Australian shares for orders under $1,000. The $0 brokerage for domestic shares is limited to one buy order under $1000 per security per trading day.
The firm also offers $0 brokerage for international shares limited to US, UK, Canadian and Japanese markets, with FX spreads applying to international transactions.
CMC Markets and its trading platforms have won over 40 awards in the last three years in recognition for its high-quality service. CMC Markets is now the second largest retail stockbroker in Australia, according to IRESS, with over 1 million investors.
The broker offers access to more than 40,000 financial instruments including contracts for difference (CFDs), foreign currencies (FX), exchange traded funds (ETFs), shares, mFunds (unlisted managed funds), options, listed managed investments, warrants and interest rate securities.